put it in the dash mohammad please come back once again. mohamad el-erian a "fox business" exclusive saying it's not tax reform but whether we have geopolitical drama. markets down for the day that up for the month of may. there's the closing bell. let me handed over to david malless and a lot of breaking news. david: stocks ending off their lows but still in the red on this last trading session in may. the dow was lower for the third straight day. the s&p and nasdaq closing down as well but there's good news. over three the this is "after the bell." we have more in the big market movers but here's what else we are covering during this busy hour. breaking news details of washington former fbi director james comey will testify before the senate where he's expected to answer the question did president trump ask them to back off the flynn probe how the

white house is responding now and beefing up our dissents the pentagon making major moves to combat the threat of north korea among our guests this hour charlie hurt of the "washington times" naval analyst chris marler and chief assistant u.s. attorney andrew mccarthy howard kurtz and pete hegseth. ed: the dow ending down for the day but up for the month. not too bad. winners. >> we came off the low of the day almost 90 points coming up in consecutive monthly gains for the dow and s&p. the nasdaq seven months in a row and we haven't seen that in some time. that's the good news ultimately. we see the dow came this month just about 131% and the nasdaq up 2.4% the s&p 5001.1%. we look at the percentage

gainers on the dow. here are some of the other names mcdonalds up to 8% coca-cola apple walmart were some of the other big names that really help the dow a long and then we'd talk about technology hey amazon cross the 1000-dollar mark yesterday. everybody has been waiting for that since 1997. ipo opened at 1000 at 7.5% alphabet up 6.7% apple 6.3% and nvidia 30%, coach. there were a lot of names that did well while the indices gained. that's pretty great for anybody who's investing. not too bad. ed: friday we have the jobs numbers of that will affect the market dramatically as well. nicole thank you very much. melissa: oil dropping for the th may to close at 38 .42 a barrel.

crude is down 10% for the year but gold is higher up for the second month in a row and ending at 12.72 an ounce. ed: markets ending the month of may did pretty well for the month in general. now there's an debate of whether a failure of donald trump's tax cuts would represent a black swan event that could risk a major jolt in global markets. i'm joined by jonathan hoenig and a "fox news" contributor tom irwin's. jonathan we just heard mohamad el-erian pouring a little cold water on the theory that in fact if there is no tax cut is going to cause a huge drop in the market and in fact mohamad el-erian said the market has already priced that into which you say what? >> i would think a black swan it's not that certainly a lot of changes in expectation. mr. mohamad el-erian alluded to

that when he talked about rotation. this is still a bull market. we just heard from stocks like lowing 3m mcdonald's all had high time -- all-time highs. a lot of people invested after the election with the anticipation as you said tax cuts, health care reform infrastructure spending. none of that has panned out and especially now. so many months of gains has a lot of people sitting on their hands. ed: what happens if something specific takes place inside the beltway that makes it clear there's going to be no tax cut in 2017? would that send the mark itself in a big way maybe to a correction? >> good afternoon. he would definitely make that a very big selloff. we pricednd all of this big ws now. we priced it -- david: we are to priced in no tax cuts to which you say what? >> i happen to disagree with mohamad el-erian.

the trump rally isn't over. i say we are still holding on with their fingernails trying to weigh the tax cut and a 4% growth that has been reduced to 3%. there was a lot of issues that would create a major selloff if we don't get the major components of this bill done because too many people are depending on these things to be accomplished starting with margins at a record high. you create a much bigger problem if it doesn't get done. melissa: outnumbered that are earning their male counterparts last year's 21 ceos received a median compensation package of $13.8 million compared to 11.6 million dollar average for 382 male chief executives. this was according to new allows us -- analysis from "the wall street journal." nicole this is interesting to the return was better among female ceos. there were fewer of them but they themselves made more money.

>> would the at the statistics alone they are telling us a completely different picture. everyone was worried about the gender pay gap that women were not making as much. you see 182-point 4% for females and males ceos 15.7% on their return and when they look at this over the last seven years you have meg whitman at hewlett-packard and andrew doria at pepsico and in fact over at ibm where ms. rometty made $32 million up from 19 million the prior year. the shareholders were clamoring about the payout but what this study is showing a particular that at least indices sweep these executives, these chief executives earning more. the big picture there is still a lot of controversy about women and what they make versus men on the dollar but at least in the executive see they are making

good money and it should be fair and that all should be merit-based. melissa: i like that. david: president trump saying he's going to announce very soon his decision about whether or not to pull out of the paris climate deal. literally putting his advice on line trading a quote don't know which way paris will go but i have done all i can do to advise the potus and others in the white house through others in the council that we remain and we have no choice but to depart those councils if we don't. todd, the point is i think that elon musk is talking in this. he depends on the fear of climatehange for a lot of his business. >> i couldn't agree more. i think the president ran on this. i think he is going to pull and i think you should pull. we have a lot of issues here that could be taken care of for the environment. number one he could easily get rid of big oil but they have too

much of a stake in running the country and being a big part of it. i don't think we were that far away for from cleaning up the environment anyway so i think you should pull out because we are spending way too much money versus the percentage of anyone else and that is the decision of what trump is doing. starbucks executive chairman howard schultz telling employees president trump's causing chaos everyday and is hurting the economy. jonathan i've seen in a lot of numbers and data that indicate the opposite. maybe he's having a little too much caffeine and it's making him a little wacky, i don't know. >> it's not hurting starbucks stock. it's doing very well but there is some certainty and there's optimism and uncertainty associated with trump and heard one of the former board members of hasbro as well.

melissa: is it because they are free free to trump? >> trump does a lot of trade so that's where a lot of ceos would depend on global trade wondering exactly what the rules are going to be. melissa. melissa: thanks guys. david: holes are starting to turn against theresa may. at least one poll has in the conservatives in the united kingm so wilshe be ousted in the british exit from the european union comto a screeching hault? turning his former agent margaret thatcher nile gardner. we should emphasize first of all mile this was one poll and it may be an outlier but just a couple of weeks ago many conservatives here in new york and the uk saying she's going to win by historic proportions by a 100 majority. what happened? >> without a doubt the poll reporting sent shockwaves through the political establishment. his poll showed projections a hung parliament in the case of

uk general elections for june 8 and that is contradicted most other polls. at least six points in some polls ahead by 12 points. i think there's a general consensus that the conservatives are heading for victory but that victory may not necessarily be a landslide victory. david: to the point quickly as the manchester bombing the reason why this is happening, the fact that a lot of people say that if she had been more vigilant in the government had been more vigilant they would have noticed that this creepy gone to libya to fight? is that what is affecting it or is it something else? >> i do think actually manchester is playing a big part in all of this. the big controversy a few days ago for some of the domestic policy proposals unveiled by the party manifesto policies aimed at the elderly whi didn't

prove to be very popular. that prompted a u-turn from the government so there has been a wobbly few days for theresa may after a very short campaign. manchester really played in the polls. david: class question used the work for maggie thatcher. another donald trump is no ronald reagan pet theresa may is no maggie thatcher. maggie thatcher was successful at pushing the pre-market. she did it time and time again. why can't theresa may get that same traction? >> i do think that theresa may if fully return to free market principles which i think were the driving of margaret thatcher's pre-election victories. it's important to project conservative values and especially on the economy. i think a strongly conservative approach taken by the prime minister will repeat at the polls.

david: niles gardner's great to see you. thanks for coming in. melissa: returning to the terror where one guantánamo detainee has now been found. the answer may not surprise you. david: the moment of impact, a new video extraordinary video coming to us the pentagon celebrating its first successful test of a major missile defense system, but will it be enough and will it be in time? melissa: former fbi director mes comey will testify before the senate as early as next weekend according to a report he will answer the question of whether president trump asked him to back off the flynn pro. how the white house is responding now. "washington times" editor charlie burke will join us next and later in the hour former chief assistant u.s. attorney andrew mccarthy on the legal ramifications. same as the president has constitutional authority to hire and fire anybody in the executive branch and tell them

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david: former fbi director james comey is reportedly heading back to the hot seat and will testify publiclyn front of the senate intel committee as early as next thursday. blake berman is live from the white house with the latest in blake i guess he's going to be sworn in for this testimony, right? >> if it happens david it will happen as early as next thursday and what happened before the senate intelligence committee. to point out that according to several reports that are out there at this hour so if it happens out of public jim comey yes indeed would be sworn in. at issue here according to multiple reports comey is set to testify that president trump had asked him to stop the probe into

the national security adviser michael flynn and as you will remember in the news conference here at the white house earlier this month the president was asked about this and said no but that didn't happen. in fact he cut off the question saying no, no next question. you'd have to imagine the comey would be asked whether or not the president had asked him to drop the flynn probe there on camera for the nation to see. separately here at the white house the new scaring the day as well involves the paris climate agreement. silence is the word at least at this hour as we are expecting a in the words of president trump very soon. he spoke briefly about this topic inside the oval office a while ago in which he acknowledged that he is being heavily lobbied on this position. >> i'm hearing from a lot of people both ways, both ways, believe me. hearing from a lot of people both ways. >> david white house sources tell fox the president is expected to announce that he will be pulling the u.s. out of

this paris climate agreement signed in 2015 by the president, by president obama and his administration the key word being expected. by the way i asked the white house secretary sean spicer earlier today is this an all or nothing day -- deal? do you pullout entirely or stay in entirely? spicer would not say. they are deflecting any and all questions. david: politics is rarely black or white. there are many shades of gray. thank you very much. melissa: here now to reacts to the new report former fbi director james comey will testify charlie hurt "washington times" opinion editor and a "fox news" contributor. let me ask you about the testimony and i would go back to what he said on may 3 and i know other people have brought this up but i want to remind our audience that comey said i'm talking about a situation where we are told the staff for political reason, that would be a very big deal. it has not happened in my experience.

how does that frame what he may or may not say now? >> well based on the reports we are getting right now it sounds like he will testify and say basically i think what he said already and is no most which is that the president cajoled him and try to talk to him and said look, back off this thing. flynn is a good guy. that we know is starkly different from the charge you are hearing from democrats the thing that everybody on the left wants to hang around president trump and that is the charge of obstruction of justice. clearly at the time comey d not think that was obstruction of justice or he would have reported it or could have mentioned that in his testimony like you just mentioned their. other key thing there that is very distinct the fact that bob mueller gave comey the green light apparently to go ahead and testify would also suggest that

bob mueller is not looking to go down this line of inquiry with comey because i guess on the face of it you would think that's not obstruction of justice. melissa: interesting. let me ask you about another big issue sources telling "fox news" president trump is expected to pullout of the climate agreement this sort of makes me laugh because when he originally was talking and there was a report out that he might be reevaluating his position or whatever the word was, this is classic what we see with president trump. he signals that they are thinking about it and everyone is crazy and then he does the logical thing in the first place. would be a surprise if the pullback at this point and people who said before he is a flip-floppery. he's changing. we filled tubes. >> he is a master showman. he loves to keep everybody

paying attention which by the way is notlways the best strategy. sometimes it's good for people not to be paying attention but he really likes to keep everybody paying attention so he does what appeared to be flip-flops that wind up, and maybe they are flip-flop bandit double flip-flop which means he did not flip-flop at all. there are four right turns or something. you end up doing exactly what he said all along. there is no doubt he gets intense pressure. he's getting pressure from all sides. there's no doubt he's getting a lot more pressure right now from the people who want him to stay in from the establishment, from a lot of republicans who are afraid of doing anything that's going to draw more fire but even we are seeing from major corporations a lot of these environmental rules and regulations that hurt businesses and a lot of which i would argue are unnecessary but even though they might hate them they are so afraid of anything that is not

the status quo that even they are lobbying to stick with the paris agreement. melissa: i think it's classic that while he's abroad being lobbied he would say he would send somebody out and say oh he might be considering it. it's all negotiating when you look back at it. charlie thank you for coming on. we love having you. david: a campaign promise, room for he's been clear about following through on a lot of his campaign promises to pullout of the paris accord so if he doesn't he's going to have to answer to that. meanwhile united airlines is under fire yet again. the airline could be facing a hefty fine for flying a plane that shouldn't have been in the skies in the beginning. the scary details next plus not many are buying kathy griffin's apology and it could end up hurting her paycheck. >> across the line today moved the line then across it.

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>> new images really spectacular stuff of our successful antiballistic missile test in the pacific. but will the development of this defse system be perfected before the north koreans have the capacity to put a nuke on the tip of a missile? there's the hit. here now chris, at the institute for study of war, senior naval analyst. so, chris, it's a great success. we're all applauding the success of our military and pulling this off. but it still only has about a 50% success level. it's far from perfected. will the north koreans figure out how to get a nuke on top of their one of their icbms befo we perfect r testing? >> well, we're never going to get to perfection. there's no weapon system in the history of mankind that has been, quote, unquote, perfect. but if we have a 50% chance of intercept their missiles, we

just program we're going to shoot six, eight, ten missiles at theirs. but the problem is we run out of missiles before they do. so north korea has a basic about ballistic program that they're trying to expand to advanced. they have a basic nuclear weapons capability that they're trying to put to a advanced weapons capability. we have a very permissive environment for the last 65 years with north korea. they've been off in their crazy land. now they're expanding, and we're going to have to deal with it in short order. david: israel has this thing called the iron dome. that's not successful either, but they combine that with all their other stuff, and you put that in addition to the antiballistic missile, we try best we can to hit their missiles before they can take off; right? >> yeah. the only way to deal with a threat of north korea is a preemptive strike. because they're all too crazy, nobody know what the north korean decision-making process is. nobody knew on december 6th, 1941 that the japanese were

going to attack on december 67th. nobody really knows what the north koreans are up to. and they're putting themselves in a bad situation where our only response is going to be we have toit hit them with tomahawk missiles. david: chris, i never want to hear you use the phrase with all e respect when talking about these guys. they don't deserve any respect. meanwhile, there is devastation in afghanistan, at least 90 people killed. hundreds more injured following a massive truck bombing in what is considered a highly secure area in khobul, nearly hundred injured were american citizens. weighing options on whether to send troops. will he do it, chris? >> i don't know whether he will or won't, but we need to if we want to continue momentum against isis and the taliban. what happened in afghanistan is we're fighting a multigenerational war. i don't think the american public quite understands that. we should look at this war with the same level of commitment we looked at the cold war. this is a 40-year for us. if we don't help the afghan

government, then the taliban and isis will defeat them. david: 40 year, we had more reason, more skin in the game if you will in europe and the cold war. it's a crazy place. their tribe going back two centuries or two we don't have much of a reason to be in there as we did the cold war. >> unfortunately, i'm going to have to disagree with you there because what we cannot allow is for safe havens for terrorist organizations who are attacking us. if we're dealing just with the taliban who have no interest in jihad, but one thing. unfortunately, we're also dealing with al-qaeda and isis who are conducting more -- david: i know but december 2001 we went in there with a few dozen special forces guys, and we knocked out the taliban. they came back, of course. but that's what we do. that's my opinion. very quickly. go ahead. >> yeah. i just think that the afghan government is making progress slowly but surely. the afghan society is making progress slowly but surely. it's very easy to say, yes, they live in a stone age and

let them dwell there. the problem with that is that problem always gets worse unless we're willing to help. it's one of th responsibilities of being the lone superpower in the world. david: it is like whack-a-mole, it drives you nuts. melissa. melissa: terrifying moments a plane diverted after a passenger return to the australian airport shortly after take off. that was earlier today. the plane landed safely and the passenger was apprehended by airport security. stressing they had not been at any point hijacked. and the faa looking to fine united arizona cardinals $435,000 for endangering passengers when it flew a plane without inspection after a repair was made. that plane went on to fly 23 domestic and international flights. david: holy cow.

23 flights without an inspection? by the way, there was also the laptop that exploded on the jetblue flight. melissa: everybody's in line for five million hours to get through, there's all the security, and then these things happen as well. i mean, it just is -- makes you kind of want to stay home or take your bicycle. david: which is what i did over the holiday weekend. meanwhile, fixing the problems plaguing the va. why va secretary david says there's still a lot of work to do and now is the time to address the quote chronic problem. we're going to be talking to u.s. veteran pete. he's coming up. melissa: plus hot seat for former fbi director james comey preparing to testify in public and andrew mccarthy on what to expect. that's next. >> can be inferred from a person's behavior. and intent can also be inferred from a person's word. now, this is going to be he said, he said. finally. hey ron! they're finally taking down that schwab billboard.